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National oil companies face $400bn investment risk amid energy transition

New research highlights the investment 'gamble' faced by national oil companies as global efforts reduce carbon emissions gather pace. ....

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Shell and Eneco to provide wind power for Amazon's European facilities

The Globe and Mail
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SHELL INTERNATIONAL LIMITED/Reuters
Royal Dutch Shell and renewables firm Eneco, owned by Japan’s Mitsubishi Corp, will provide Amazon.com Inc’s European facilities with electricity from an offshore wind farm, they said on Monday.
Retail giant Amazon , which faces pressure from environmental activists over its carbon footprint, has vowed to be net carbon neutral by 2040. Starting in 2024, it will off-take 380 megawatts (MW) of capacity from the Hollandske Kust Noord offshore wind farm, which is being built jointly by Shell and Eneco, the two energy firms said without disclosing financial details. ....

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Renewable, but not exactly clean: Climate report hints at debate over NZ's newest power plant

Renewable, but not exactly clean: Climate report hints at debate over NZ s newest power plant
8 Feb, 2021 09:00 PM
4 minutes to read
The Ngawha Power Station reduces Northland s need to get power from elsewhere, but its emissions are significantly higher than most other geothermal stations. Photo / Top Energy
The Ngawha Power Station reduces Northland s need to get power from elsewhere, but its emissions are significantly higher than most other geothermal stations. Photo / Top Energy
The Climate Change Commission s advice to the Government calls for a major change to electricity generation, with more wind and low-emission geothermal and less coal and gas.
But what about the high-emission geothermal? ....

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Drax to Acquire Pinnacle Renewable Energy – a Major Canada-Based International Supplier of Sustainable Biomass Fuel

Drax to Acquire Pinnacle Renewable Energy – a Major Canada-Based International Supplier of Sustainable Biomass Fuel
Inbound investment signals a vote of confidence in Pinnacle’s expertise in sustainable wood pellet production in Canada and the Southern US
Combination positioned as the world’s leading sustainable biomass generation and supply business
/EIN News/ SELBY, United Kingdom, Feb. 08, 2021 (GLOBE NEWSWIRE) British energy company Drax has agreed to acquire Pinnacle at a price of C$11.30 per share, valuing Pinnacle at C$385 million.
The acquisition brings together Drax, which owns the world’s largest sustainable biomass power station in the UK, with Pinnacle, one of the leading global producers of high-quality compressed wood pellets. This Canadian-UK combination will be positioned as the world’s leading sustainable biomass supply and power generation business. ....

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Incoming Chair of UN FAO forestry Council says turbo-charging timber and forestry key to achieving 'Carbon Neutral by 2050'

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Incoming Chair of UN FAO forestry Council says turbo-charging timber and forestry key to achieving ‘Carbon Neutral by 2050’
Incoming ACSFI Chair Ross Hampton
Incoming Chair of the UN Food and Agriculture Organisation’s (FAO) forestry advisory Council, Ross Hampton, says the world’s renewable timber and forestry sectors must be turbo-charged if we are to have any chance of achieving the global goal of ‘Carbon Neutral by 2050’.
Mr Hampton, who is also Chief Executive Officer of the Australian Forest Products Association (AFPA), has just been appointed Chair of the UN FAO’s Advisory Council on Sustainable Forest-based Industries (ACSFI). ....

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